Stonegate Investment Group LLC Has $2.75 Million Stake in Deckers Outdoor Co. (NYSE:DECK)

Stonegate Investment Group LLC reduced its holdings in Deckers Outdoor Co. (NYSE:DECK) by 13.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,922 shares of the textile maker’s stock after selling 456 shares during the quarter. Stonegate Investment Group LLC’s holdings in Deckers Outdoor were worth $2,750,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of DECK. AE Wealth Management LLC lifted its position in shares of Deckers Outdoor by 63.0% during the third quarter. AE Wealth Management LLC now owns 957 shares of the textile maker’s stock worth $492,000 after purchasing an additional 370 shares in the last quarter. SG Americas Securities LLC bought a new position in Deckers Outdoor in the 3rd quarter valued at $234,000. Exchange Traded Concepts LLC increased its stake in shares of Deckers Outdoor by 31.3% in the 3rd quarter. Exchange Traded Concepts LLC now owns 352 shares of the textile maker’s stock valued at $181,000 after buying an additional 84 shares during the period. Asset Management One Co. Ltd. raised its position in shares of Deckers Outdoor by 13.8% during the third quarter. Asset Management One Co. Ltd. now owns 11,870 shares of the textile maker’s stock worth $6,102,000 after acquiring an additional 1,444 shares during the last quarter. Finally, Cavalier Investments LLC lifted its stake in shares of Deckers Outdoor by 3.4% during the third quarter. Cavalier Investments LLC now owns 1,066 shares of the textile maker’s stock valued at $548,000 after acquiring an additional 35 shares during the period. 97.79% of the stock is currently owned by institutional investors.

Deckers Outdoor Stock Performance

NYSE DECK traded down $13.96 during trading on Tuesday, hitting $818.47. The stock had a trading volume of 289,883 shares, compared to its average volume of 425,676. Deckers Outdoor Co. has a 12 month low of $424.36 and a 12 month high of $956.17. The company’s 50-day moving average price is $880.79 and its two-hundred day moving average price is $754.61. The company has a market capitalization of $21.01 billion, a PE ratio of 29.44, a P/E/G ratio of 1.48 and a beta of 1.01.

Deckers Outdoor (NYSE:DECK) last issued its quarterly earnings results on Thursday, February 1st. The textile maker reported $15.11 EPS for the quarter, topping the consensus estimate of $11.40 by $3.71. The firm had revenue of $1.56 billion for the quarter, compared to analysts’ expectations of $1.45 billion. Deckers Outdoor had a net margin of 17.57% and a return on equity of 38.77%. The company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the previous year, the firm posted $10.48 EPS. As a group, equities analysts anticipate that Deckers Outdoor Co. will post 26.89 earnings per share for the current fiscal year.

Insider Transactions at Deckers Outdoor

In related news, insider Angela Ogbechie sold 313 shares of the business’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.13, for a total transaction of $264,212.69. Following the transaction, the insider now directly owns 4,027 shares in the company, valued at $3,399,311.51. The sale was disclosed in a filing with the SEC, which is available through this link. In other Deckers Outdoor news, insider Angela Ogbechie sold 313 shares of the company’s stock in a transaction that occurred on Friday, February 9th. The stock was sold at an average price of $844.13, for a total value of $264,212.69. Following the sale, the insider now owns 4,027 shares in the company, valued at $3,399,311.51. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Steven J. Fasching sold 5,000 shares of the company’s stock in a transaction on Friday, February 9th. The shares were sold at an average price of $844.40, for a total transaction of $4,222,000.00. Following the completion of the transaction, the chief financial officer now owns 29,291 shares in the company, valued at $24,733,320.40. The disclosure for this sale can be found here. Insiders have sold a total of 30,464 shares of company stock worth $26,229,683 in the last 90 days. Corporate insiders own 0.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on DECK shares. Stifel Nicolaus lifted their price objective on Deckers Outdoor from $709.00 to $775.00 and gave the stock a “hold” rating in a research report on Friday, February 2nd. Evercore ISI started coverage on Deckers Outdoor in a research note on Thursday, February 15th. They issued an “outperform” rating and a $960.00 price target on the stock. Piper Sandler upped their price objective on Deckers Outdoor from $650.00 to $730.00 and gave the company a “neutral” rating in a report on Wednesday, January 24th. TD Cowen boosted their target price on Deckers Outdoor from $1,000.00 to $1,005.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Finally, Bank of America downgraded shares of Deckers Outdoor from a “buy” rating to a “neutral” rating and cut their price target for the company from $875.00 to $860.00 in a research report on Thursday, April 25th. Seven research analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $889.00.

Deckers Outdoor Company Profile

Deckers Outdoor Corporation, together with its subsidiaries, designs, markets, and distributes footwear, apparel, and accessories for casual lifestyle use and high-performance activities in the United States and internationally. The company offers premium footwear, apparel, and accessories under the UGG brand name; footwear and apparel for ultra-runners and athletes under the Hoka brand; and sandals, shoes, and boots under the Teva brand name.